Workhorse Group now has the financial flexibility to issue new stock and raise capital for the scaling of its electric truck makeover.
The Cincinnati-based company came very close to approval after counting 49.68% favorable proxies earlier in the week. On Friday, Workhorse said it had received more than required the 50% of outstanding shares to raise the authorized share count to 450 million shares from 200 million.
“We appreciate the support of our stockholders, which will enable us to fund...
https://www.freightwaves.com/news/workhorse-shareholders-back-managements-new-stock-gambit